The U.S. carrier is expected to lag in passenger revenue per available seat mile (PRASM) growth in the near term, wrote Cowen & Co., which downgraded American Airlines (AAL) to market perform from outperform and cut the price target to 55 from 66. Southwest (LUV) lowered fares as it promotes ...

American Airlines (AAL) will underperform its peers in a key unit revenue metric and faces pricing pressure in certain markets from rivals like Southwest Airlines, according to an analyst Tuesday. American is expected to lag in passenger revenue per available seat mile (PRASM) growth in the near ...

Major averages were mostly unchanged in early afternoon trading Thursday after starting the session mixed amid mixed economic data. The Nasdaq was up 0.3%, while the S&P 500 and Dow Jones industrial average dipped 0.1% and 0.3%, respectively. Volume was also mixed, running higher on the NYSE ...

The Energy Information Administration reported U.S. crude stockpiles above analyst expectations Thursday, but the report wasn't as shocking as the American Petroleum Institute's late Wednesday. The EIA said U.S. crude-oil stockpiles rose 7.7 million barrels for the week ended Feb. 13. Late ...

Virgin America reported fourth-quarter earnings that crushed Wall Street estimates Wednesday and announced a new route in the Dallas market that challenges Southwest Airlines. In its first quarterly report since its November IPO, the discount carrier said it earned $1.16 per share, well above the ...

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